Motley Fool Asset Management is a private investment adviser that manages a $1.5 billion portfolio for investors as of Q4 2021. The hedge fund is known for its six major exchange traded funds – Motley Fool 100 Index, Motley Fool Small Cap Growth ETF, Motley Fool Global Opportunities ETF, Motley Fool Mid Cap Growth ETF, Motley Fool Next Index ETF, and Motley Fool Capital Efficiency 100 Index ETF.
Bryan Hinmon was appointed as the chief investment officer of Motley Fool in 2017, and he serves as the senior portfolio manager as well. He also works as an analyst at Motley Fool Wealth Management, where he identifies and researches investments for the firm’s separately managed accounts. Prior to joining Motley Fool, he worked at Bulwark Capital Management as a portfolio manager, which is a hedge fund focused on long-term equity investing, option income, and special situations. Before that, Bryan Hinmon was a research analyst for an asset manager in Naples, operating a covered-call hedge fund.
Motley Fool invests primarily in the information technology, industrials, finance, healthcare, consumer discretionary, and communications sectors. Some of the most notable securities in the hedge fund’s Q4 portfolio were Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN). However, in this article our focus would be on the stocks which the fund either trimmed its stakes in or completely exited in the fourth quarter of 2021.
We used Motley Fool’s Q4 2021 portfolio and selected the firms in which the fund trimmed or completely sold off a previously held position.
Intel Corporation (NASDAQ:INTC) is an American multinational technology corporation that specializes in semiconductors, computer hardware, autonomous cars, automation, and artificial intelligence.
Motley Fool held 99,991 shares of Intel Corporation (NASDAQ:INTC) in the third quarter of 2021, worth $5.3 million, representing 0.34% of the total 13F securities. In Q4 2021, Motley Fool discarded its Intel Corporation (NASDAQ:INTC) stake entirely.
On April 14, Intel Corporation (NASDAQ:INTC) declared a quarterly dividend of $0.365 per share, in line with previous. The dividend is payable on June 1, to shareholders of the company as of May 7. On April 27, Intel Corporation (NASDAQ:INTC) delivered a dividend yield of 3.20%.
Citi analyst Christopher Danely on April 13 reiterated a Neutral rating on Intel Corporation (NASDAQ:INTC) with a $55 price target. The analyst observed that Q1 notebook shipments were down 20% quarter-over-quarter, below Citi’s expectation of down 18%, due to ongoing component supply tightness, logistics constraints, and slow Chromebook demand. He views this as “another
The finance world is abuzz with news that Tesla, Inc. (NASDAQ:TSLA) founder Elon Musk has made a proposal to buy social networking platform Twitter, Inc. (NYSE:TWTR) in a deal that values the firm at around $43 billion. This equates to almost $54.20 per share for the firm, per a securities filing by Musk that he shared on his Twitter profile as well. On April 14, Jim Cramer, a former hedge fund manager and the host of Mad Money on CNBCshared his thoughts on the matter, noting that Musk had put the Twitter board in a position where they would reject the offer.
Cramer, who has built an impressive retail investor following in the past few years, was of the opinion that the board of directors at Twitter, Inc. (NYSE:TWTR) had “no choice” but to reject the Musk offer because if they accepted it, it would be akin to “phony” behavior. Cramer added that he thought that the board members were not phonies. Cramer also warned of a “personal liability” should the Twitter, Inc. (NYSE:TWTR) board accept the offer, noting that this was one of the instances where directors could be opened up for a level of lack of fiduciary that “crosses the line”.
Musk is the richest man in the world and one of the most controversial characters in the finance sector. On April 14, famous entrepreneur Mark Cuban tweeted that he thought that Musk was only offering to buy Twitter to drive up the share price and then sell his stake, something that he had done with other firms in the past. During his take on the issue, Cramer also stressed that accepting the Musk offer was not fair to Twitter, Inc. (NYSE:TWTR) shareholders. Cramer also blasted the use of the “best and final” term that was used with the offer to buy.
Apart from talking about Musk, Cramer also discussed the broader economic outlook during his show on April 14. He talked at length about sectors that were facing the worst of the storm as interest rates rose and investors exited growth firms for safer heavens. Some of the stocks that Cramer is bearish on include Meta Platforms, Inc. (NASDAQ:FB), Netflix, Inc. (NASDAQ:NFLX), and AT&T Inc. (NYSE:T).
These were picked keeping in mind the latest calls that Cramer made on these equities on his Mad Money show aired by news platform CNBC.
An extensive database of around 900 elite hedge funds tracked by Insider Monkey was used to identify the popularity of each stock among hedge funds.
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